$TTWO Wells Fargo initiates Take-Two Interactive as overweight Wells says it’s bullish on the release of Grand Theft Auto in 2026 for Take-Two . “We anticipate GTA 6 sells 50M units in FY27, the first year post-launch, at an $80 base game retail ASP [average selling price].”
Notable analyst calls this morning : Morgan Stanley raising its PT on $ANF @Abercrombie to $151. JP Morgan raising its PT on $BBWI to $46 JP Morgan upgrades $MARA to Overweight with a $22 PT. Wells Fargo slaps an Overweight on $TTWO with a $265 PT.
$TTWO | 𝐓𝐚𝐤𝐞-𝐓𝐰𝐨 (TTWO): Wells Fargo initiates 𝐎𝐯𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭, sets 𝐏𝐓 𝐚𝐭 $265.00 Analyst sees long-term upside driven by 𝐑𝐃𝐑𝟑 𝐢𝐧 𝐂𝐘𝟐𝟖𝐄 and high-value content-based multiple. https://t.co/raDMd60LXF
Grand Theft Auto 6 (GTA 6), developed by Rockstar Games, is projected to generate $7.6 billion in revenue within the first two months after its release, according to predictions by Konvoy, a venture capital firm specializing in the video game industry. The game is expected to recoup its rumored $2 billion production cost in as little as three days. Konvoy's managing partner Josh Chapman described GTA 6 as the largest video game launch to date. The firm also forecasts that GTA 6 could earn $2 billion within the first 24 hours of release, with the game priced at approximately $80 per unit. While these projections have been widely reported, some analysts have expressed skepticism about the realism of such sales forecasts. If realized, these figures would more than double the earnings of Grand Theft Auto V and mark GTA 6 as the largest gaming release of all time.